Over time remove Social Security, Medicare, Unemployment assistance etc and set all taxes at a flat rate then give everyone say ~700 to 1000$ per month inflation adjusted + heath care. The problem is we live in a democracy so that number can and will be fucked with. Also, handling money for young children to avoid "professional welfare mothers".
PS: The odd things the actual numbers don't change much from the current system, but the advantage is it removes perverse incentives. There is no threshold where earning more money is taxed at insane levels (sometimes over 100%) as public assistance is removed.
Over time remove Social Security, Medicare, Unemployment assistance etc and set all taxes at a flat rate then give everyone say ~700 to 1000$ per month inflation adjusted + heath care. The problem is we live in a democracy so that number can and will be fucked with. Also, handling money for young children to avoid "professional welfare mothers".
PS: The odd things the actual numbers don't change much from the current system, but the advantage is it removes perverse incentives. There is no threshold where earning more money is taxed at insane levels (sometimes over 100%) as public assistance is removed.